Migdal Insurance & Financial Holdings Ltd. Makes New Investment in iShares TIPS Bond ETF $TIP

Migdal Insurance & Financial Holdings Ltd. bought a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 60,523 shares of the exchange traded fund’s stock, valued at approximately $6,297,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of iShares TIPS Bond ETF by 18.1% during the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. acquired a new position in iShares TIPS Bond ETF in the third quarter valued at about $240,163,000. Envestnet Asset Management Inc. boosted its position in iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after buying an additional 68,483 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in iShares TIPS Bond ETF by 132.7% in the third quarter. Pictet Asset Management Holding SA now owns 1,732,000 shares of the exchange traded fund’s stock valued at $180,175,000 after buying an additional 987,700 shares in the last quarter. Finally, CI Investments Inc. grew its stake in iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after buying an additional 260,055 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock traded down $0.16 during trading hours on Friday, hitting $104.61. 2,082,545 shares of the stock were exchanged, compared to its average volume of 2,218,999. The stock has a market capitalization of $14.27 billion, a P/E ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $111.98. The business’s 50-day moving average is $105.41 and its two-hundred day moving average is $108.63.

About iShares TIPS Bond ETF

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS.